Common use of Additional Limitations and Exclusions Clause in Contracts

Additional Limitations and Exclusions. Notwithstanding any other provision of this Agreement, the Administrator shall have no duty or obligation under this Agreement to inquire into, and shall not be liable for: (i) the legality of the issue or sale of any Units, the sufficiency of the amount to be received, or the authority of the Fund, as the case may be, to request such sale or issuance; (ii) the legality of a transfer of Units or of a purchase or redemption of any Units, the propriety of the amount to be paid, or the authority of the Fund, as the case may be, to request such transfer or redemption; (iii) the legality of the declaration of any dividend by the Fund, or the legality of the issue of any Units in payment of any dividend; or (iv) the legality of any recapitalization or readjustment of Units.